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Marathon Digital Holdings, Inc. (MARA) Gains As Market Dips: What You Should Know

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In the latest trading session, Marathon Digital Holdings, Inc. (MARA) closed at $13.42, marking a +1.05% move from the previous day. This change outpaced the S&P 500's 0.08% loss on the day. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq lost 0.06%.

Coming into today, shares of the company had gained 135.04% in the past month. In that same time, the Business Services sector gained 18.72%, while the S&P 500 gained 8.78%.

Marathon Digital Holdings, Inc. will be looking to display strength as it nears its next earnings release, which is expected to be August 8, 2022. The company is expected to report EPS of -$0.18, down 205.88% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $41.1 million, up 40.18% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.07 per share and revenue of $276 million. These totals would mark changes of -104.12% and +83.43%, respectively, from last year.

Investors might also notice recent changes to analyst estimates for Marathon Digital Holdings, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 77.5% higher. Marathon Digital Holdings, Inc. currently has a Zacks Rank of #4 (Sell).

The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 144, putting it in the bottom 43% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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